The elder Coker is also a shareholder in Hometown International, whose sales in the past two years combined were about $10,000 less than what the company paid Tryon Capital in consulting fees.
"In light of the recent negative press regarding the Company and the principals of Tryon, the parties determined that it was in the best interests of the Company and its shareholders to terminate the Consulting Agreement at this time," Hometown International said in its 8-K filing with the Securities and Exchange Commission.
"The parties believe that such termination will reduce distractions and enable the Company to move forward with its planned acquisition strategy," the filing said.